Financial Crime World

Swedish Financial Sector Braces for Surge in Cybercrime in 2022: Insights from Recorded Future and Truesec Report

Swedish financial institutions are bracing for an increase in cyber threats in 2022, as revealed in a new report by Recorded Future and Truesec. This warning applies not only to large banks but also to mid-sized fintech companies. Here are the latest findings and their implications for the Swedish financial industry.

Cybercriminals’ Preferred Targets

Though financial organizations have long been prime targets, the report indicates that cybercriminals are increasingly focusing on customers. Dark web forums show a significant increase in discussions about Swedish institutions being potential targets.

The Dark Web Discussion

  • Numerous dark web conversations among criminals
  • Trading of sensitive information
  • Stolen credentials
  • Discussions about strategies for attacking specific targets

DDoS Attacks on the Rise

Distributed Denial-of-Service (DDoS) attacks pose a significant threat to the Swedish financial sector, with all reported successful attacks against Swedish financial institutions consisting of these types of attacks during the first half of 2021.

Attack Types and Percentage

  • 41% of attacks against Swedish victims were ransomware attacks
  • 28% were access harvesting attacks
  • 11% were resource hijacking attacks

Report Findings

This collaborative analysis by cybersecurity experts from Recorded Future and Truesec is based on real-world cyber threats targeting Swedish financial organizations in 2021. Key findings include:

  1. Major trends
  2. Under-the-radar threats
  3. Recommendations for better protection

Stay informed about the latest cyber threats and proactive steps you can take to mitigate risks.

Download the Comprehensive Report

Learn more about the latest cyber threats facing the Swedish financial sector and gain valuable insights on prevention strategies by downloading the full report on our website. Together, we can help fortify the Swedish financial sector against the ever-evolving threat landscape.